Friday, July 28, 2017

Rand Paul: The Failure to Repeal Obamacare Means Premiums Will Continue to Skyrocket

What will happen now that the Obamacare repeal has failed? The same thing that was already happening: Premiums will skyrocket. Insurers will exit, leaving monopolies or vacuums, and Americans will have less choice...

The clean repeal, which I supported, wasn’t perfect, but it would have forced all parties to legislatively resolve the wreckage of Obamacare.

The clean repeal, as every permutation of repeal, could not repeal the fundamental regulatory flaw of Obamacare by a simple majority vote because of arcane budget rules. And, in the end, we couldn’t convince GOP senators to fulfill their promise to voters to repeal Obamacare.

So, what will happen?

Again, premiums will continue to skyrocket. Insurers will continue to exit. The death spiral of Obamacare will continue.

Democrats will accelerate calls for an insurance bailout, and compliant, big government Republicans will join with Democrats to foist upon America more federal intervention into what should be a very private and personal matter. Sad.

Libertarian enthusiasts and optimists will hope that technology and disruptive Uber-like forces will surmount the grip of pols who lack sufficient confidence in what made America great: freedom, freedom of choice unfettered and unchained.

1 comment:

One of the biggest problems with this whole Obamacare debate is that most Americans do not understand in the least what the real problems are.

Many of them (present company excluded) fail to realize that government interventions have caused the problems we have and the only solution is for the government to get completely out of the healthcare business (or regulation for that matter).

I'm afraid that the masses don't even want to understand that...they just don't care.